Overview

* Same-property NOI including redevelopment grows over 7% yr/yr

* Company raises full-year 2025 FFO

Outlook

* Urban Edge raises 2025 FFO as Adjusted guidance to $1.40-$1.44 per share

Result Drivers

* RENT COMMENCEMENTS - Driven by new leases from signed but not open pipeline, boosting FFO as Adjusted

* NET RECOVERY REVENUE - Higher net recovery revenue contributed to FFO as Adjusted growth

* ACQUISITIONS - Growth from acquisitions completed in 2024 supported increased FFO as Adjusted

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.46

Q2 Net $57.98

Income mln

Q2 FFO $0.34

Per

Share

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the commercial reits peer group is "buy"

* Wall Street's median 12-month price target for Urban Edge Properties ( UE ) is $22.50, about 11.4% above its July 29 closing price of $19.94

* The stock recently traded at 54 times the next 12-month earnings vs. a P/E of 80 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)